Jatoil Ltd. Dependent on Jatropha

Jatropha can be grown on arid lands and will not compromise food production, according to Jatoil's Chairman, Dr. Michael R. Taverner. The company is working with business partners to acquire jatropha plantations in Southeast Asia.

In early May, Jatoil and partner, GreenEnergy Biofuels (GEB) established a joint venture, the GreenEnergy Joint Stock Co. to cultivate jatropha in Vietnam. GEB has been actively researching and experimenting with five to six jatropha varieties sourced mainly from Thailand, Cambodia and Vietnam over the last four years, according to sources close to the development.

The test plots will allow the partners to facilitate the transition of local farmlands into jatropha plantations during the second phase of expansion. The joint venture intends to acquire 5,000 hectares (12,355 acres) of jatropha plantations through contracts with commercial planters and independent producers.

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